ARTICLE · 11 AUGUST 2023

Reshaping Accounting Law In 2023

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Luxembourg reshapes its accounting laws by: covering all accounting obligations in a single law endorsing concepts of the Directive 2013/34/EU on annual financial statements, consolidated financial statements...

LuxembourgAccounting and Audit

Peter Adriaansen

Karin Finné

Sabrina Million

Luxembourg reshapes its accounting laws by

covering all accounting obligations in a single law endorsing concepts of the Directive 2013/34/EU on annual financial statements, consolidated financial statements and related reports, and
implementing some concepts of the Directive 2022/2464/EU in respect of sustainability reporting.

This new law affects all Luxembourg companies issuing financial statements, including non-financial reports, on the basis of this new law.

On 28 July 2023, a new bill of law (reference 8287) reshaping the Luxembourg accounting law has been published (the Bill). Main driver of the Bill is to cover all accounting obligations in a single accounting law and broaden its scope of application by including additional types of undertakings.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Reshaping Accounting Law In 2023

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